ChineseInvestors.com, Inc. (OTCQB: CIIX), along with other companies in the cannabidiol (CBD) and legalized cannabis industries, are increasingly relying on bitcoin cryptocurrency for transactions. Not only has the value of bitcoin skyrocketed to greater than $4,000 in the past year, it solves the problem of transactions in this largely unbankable market.
In a July press release, the company formally announced the debut of its new cryptocurrency education and trading subscription service on Chinesefn.com, the company’s own financial website for the Chinese-speaking community. The new service will offer coverage of the emerging digital currency world. Through its new subscription service, CIIX endeavors to become the leading digital currency education site for the global Chinese-speaking market.
CIIX’s goal is to become a leading Chinese publicly-traded company offering real-time information on its website, conducting research and development of legalized cannabidiol and providing global distribution of hemp-based cannabidiol and other health products. The firm has an online store in the free trade zone of Shanghai, China, and plans to open a brick-and-mortar unit in San Gabriel, California.
Bitcoin jumped 500% from $200 to $1,000 in January 2017, and it recently reached a record-high of more than $4,500. Warren Wang, founder and CEO of CIIX, has noted his belief that it can climb even higher. “With an estimated 85% market share, China is one of the dominant players controlling bitcoin volume, along with Japan (which recently legalized bitcoin as a form of payment) and the United States,” he noted in a recent news release. “CIIX intends to provide fundamental knowledge to Chinese speaking newcomers to cryptocurrency, including straightforward explanations of the basics of cryptocurrency, how to buy it and straightforward trading guidelines.”
Fueling part of the growth, according to a newly-published report (http://nnw.fm/0p3Zh), is the widespread use of bitcoin in the CBD and legalized marijuana industries. In this non-traditional, unbankable marketplace, suppliers, wholesalers and retail dispensaries are using bitcoin for transactions. While most dispensaries are currently cash-only businesses, bitcoin could enable consumers to complete purchases free of traditional banks.
The recent surge in interest related to cryptocurrency and its underlying blockchain technology has been impossible to ignore. Without a doubt, bitcoin on its own presents a valuable investment opportunity, and its role in the future of CIIX and other industry players is growing in importance.
For more information, visit the company’s website at www.ChineseInvestors.com
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